Obama, Peru president agree on need to conclude TPP talks quickly

WASHINGTON (Reuters) - U.S. President Barack Obama and Peruvian President Ollanta Humalla agreed in a phone call on Thursday on the importance of concluding negotiations swiftly for a Pacific trade deal, the White House said.

The Trans-Pacific Partnership, or TPP, seeks to cut trade barriers and set common standards for 40 percent of the world economy and will be a legacy-defining achievement for Obama.

(Reporting by Eric Beech; Editing by Paul Tait)

You May Also Be Interested In

• Applied Materials slips as investors seek faster growth after stellar run
• Explainer-Why is North Korea ramping up criticism of Japan?
• French taxpayers' data stolen in cyber attack, French Finance Ministry says